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jhonovich

impact of the recession?

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I just wrote an article speculating on the impact of the recession on the business: http://ipvideomarket.info/review/show/153

 

Key points include:

 

 

* This recession is different from the last one

 

* The debt market collapse will make users delay new purchases

 

* Megapixel cameras will fare the best

 

* DVRs will continue to decline slowly

 

* A shakeout of NVR/IP Video software companies will occur

 

* Video analytics will fare the worst

 

 

What are you seeing with your customers?

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I'm somewhat of a cowboy on the subject of recession. I say "If the economy is down, let that be your competition's problem". Just scoop up a bigger share of the market.

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The recession has definitely been felt in all sorts of markets... ask any car dealership. In my own field (health care), we've even seen a drop in our census, starting in August of this year.

 

However, in recessions, crime also tends to increase, along with the public's awareness of it... so I don't know that security-based businesses will feel as sharp a decline as some other sectors.

 

I'm only a hobbiest when it comes to CCTV, so I can't speak from personal experience.

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